Position Overview:
The Credit Analyst is responsible for evaluating client financial information and creditworthiness to facilitate mortgage approvals. This role involves conducting thorough assessments, analyzing risk, and providing recommendations that support the loan application process. The ideal candidate will have strong analytical skills, attention to detail, and a comprehensive understanding of mortgage lending criteria. They will need to analyse complex business/commercial financial statements, including multi-entity organisations, and those in various industries. The ideal candidate will have 2-3 years experience as a Credit Analyst in a brokerage.
Key Responsibilities:
* Financial Analysis:
o Review and analyze clients' financial statements, credit reports, and other relevant documentation to assess creditworthiness.
o Conduct detailed assessments of income, expenses, assets, and liabilities to determine loan eligibility.
* Risk Assessment:
o Evaluate potential risks associated with loan applications and develop strategies to mitigate those risks.
o Prepare risk assessment reports for internal review and lender submissions.
* Liaison and Communication:
o Collaborate with mortgage brokers, clients, and lenders to gather necessary documentation and provide updates on application status.
o Communicate findings and recommendations effectively to internal stakeholders and clients.
* Documentation and Compliance:
o Ensure all documentation complies with regulatory and lender requirements.
o Maintain accurate records of all analyses and decisions made during the credit assessment process.
* Market Research:
o Stay updated on market trends, lending criteria, and regulatory changes that may impact credit assessments.
o Provide insights to the team on best practices and emerging opportunities in mortgage lending.
Consultant
lyoung@fuserecruitment.com
Reference number: BH-32406
Profession:Banking & Financial ServicesMortgages
Company: Fuse Recruitment
Date posted: 10th Oct, 2024